UNIT 4 - GROUP PRESENTATION

Which of the following is NOT an advantage of intuition in decision making?

• Based on intuition, a manager is able to make decisions quickly and effectively in complex and new situations.

• Individuals who trust their intuition are generally more open-minded towards new ideas.

• Intuition can help read people.

• A manager with good intuition always makes the right decisions

Which of the following qualities is NOT a key factor of Emotional Intelligence?

• Self-awareness

• Self-criticism

• Relationship Management

• Social Awareness

Bounded rationality refers to the limitations of:

• Financial Capability

• Management Experience

• Ability to make the right decisions under certain circumstances

• Ability to persuade others due to clashing interests

Non-programmed decisions are mostly made based on:

• Managerial Initiative

• Business Standards

• Pre-defined Guidelines

• Company Policies

A condition of certainty exists when:

• The facts are well known and the outcome can be predicted.

• A decision must be made based on incomplete, but accurate, factual information. 
  

• The potential return is well worth the cost that will be incurred if the effort fail

• A plan is already in motion and has proven effective

A manager with integrative decision-making style carries out a plan with:

• one option, less information

• many options, more information

• many options, less information

• one option, more information

How many steps are there in the decision-making framework?

• 5

• 6

• 7

• 4

What is the final step in the decision-making framework?

• Evaluate Alternative Solutions

• Implement the Decision

• Evaluate and Control

• Record Changes After and Before the Decision

Non-programmed decisions are often made when the nature of problems is:

• Structured

• Routine

• Well-defined

• Ill-defined

Which of the following is NOT TRUE?

• An entirely new solution cannot arise during the evaluation process

• Despite a careful evaluation of alternatives, ambiguity remains in most decisions.

• Invoices are necessary if two alternatives appear almost equally good after considerable deliberation.

• Implementation mainly involves the operation of a company or business unit